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MS Poll Result: Osborne’s Budget gets high marks from brokers

  • 01/04/2011
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In the latest Mortgage Solutions poll, nearly 47% of brokers graded the Chancellor’s Budget an impressive A or B on his overall performance.

On the Mortgage Solutions website, 37% of brokers felt the Chancellor only earned a C grade, with a further 16% of brokers disagreeing and marking him down with a D- or fail for his budget performance.

David Sheppard, managing director at Perception Finance, said that the Chancellor tackled all the issues well given the delicate state of the economy.

“Everyone knew this would be a difficult Budget, but I think he delivered it very well considering the financial pressure he was under.”

He added that there was not much more within the Budget that Osborne could have done for the mortgage market.

“It is difficult to turn the mortgage market around. That’s the Housing Minister’s job along with the role of the regulator.”

However, Sheppard insists that some of the positive measures to come out of the Budget include the reduction of regulation on small businesses and FirstBuy Direct.

“It’s good to see that company legislation hasn’t been tampered with and that first-time buyers are getting extra help from the government.

“However, what I would liked to have seen Osborne do is expand the FirstBuy Direct scheme to a wider market and not just restrict the scheme to new build properties,” he said.

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